Aquitaine to set up $200m fund

Aquitaine Investment Advisors is fundraising for a pan-Asian private equity vehicle that will reportedly acquire stakes in Asian alternative fund managers.

Hong Kong-based Aquitaine Investment Advisors, an alternative investment manager with a focus on private equity, venture capital, real estate and hedge funds, has begun fundraising for Crescent, a pan-Asian private equity fund.

The firm is targeting commitments of $200 million primarily from endowments and foundations in the US and Asian family offices, the firm said in a statement.

Crescent “seeks opportunities and talent from the Asian-based investment management industry”, the firm added, without elaborating further on the fund’s strategy or fundraising details.

Aquitaine declined to comment beyond the release.

This is the firm’s fifth private equity product, group managing director Marlene Wittman told the Asian Investor. Thus far it has raised and fully invested two private equity funds focused on China, one on Japan and a pan-Asian fund focused on investments in companies benefitting from aging societies and a shift to consumerism in the region, the report noted. 

The new fund will acquire controlling stakes in Asian alternative fund managers, the report added. 

Established in 1999, Aquitaine is licenced by the Securities and Futures Commission of Hong Kong. The firm has two principals, Wittman and Arthur Yama, who is also the managing director. Wittman was formerly a director at Nikko Securities in Hong Kong and at Nikko Europe in London. 

Yama was earlier a director at the Hong Kong headquarters of Managing Partners, an Asian regional workout and financial restructuring consultancy where he was head of the real estate workout group. Prior to that, he was a senior regional analyst at Nikko Securities in Hong Kong. Yama was also formerly executive vice president at Batterymarch Advisors and president of Liberty Companies, both roles in which he was involved in asset and portfolio management.